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Proof-of-Stake is not Objective

6 pointsby aszepieniecabout 3 years ago

1 comment

aszepieniecabout 3 years ago
The correct view of a proof-of-stake blockchain depends on who you ask for it. As a result, a) the cost of an attack cannot be calculated in units internal to the blockchain, making security analyses void; b) debts cannot be settled between parties that do not already agree on which third parties are trustworthy; and c) the final resolution of disputes must come from courts.